INDUSTRI DAN PERDAGANGAN BINTRACO DHARMA (CARS) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2025 was Rp3.47 trillion, down from Rp4.56 trillion year-over-year, mainly due to lower automotive sales.

• Net profit attributable to owners for the period was Rp135.0 billion, slightly down from Rp136.9 billion year-over-year.

• Total assets as of September 30, 2025 were Rp2.99 trillion, down from Rp3.50 trillion at December 31, 2024.

• The group continues to face capital deficiencies in several subsidiaries, raising going concern uncertainties.

Financial highlights

• Gross profit for the nine months ended September 30, 2025 was Rp480.1 billion, down from Rp562.2 billion year-over-year.

• Operating profit was Rp208.6 billion, compared to Rp247.0 billion year-over-year.

• Basic earnings per share for the period was Rp9.00, compared to Rp9.13 year-over-year.

• Cash and cash equivalents increased to Rp444.2 billion from Rp352.2 billion at year-end 2024.

• Total equity as of September 30, 2025 was Rp1.25 trillion, up from Rp1.10 trillion at December 31, 2024.

Outlook and guidance

• Management is focused on cost efficiency, restructuring, and operational streamlining in underperforming subsidiaries.

• Plans include branch closures, organizational downsizing, and seeking financial support from shareholders for certain subsidiaries.